Latest News from IBI
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KVH back in the black
Higher service sales and cost-reduction initiatives deliver return to profitability in 2025 fourth-quarter results
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JEC World opens, showcasing global composites innovation
The composites trade event returns to Paris Nord Villepinte, with over 1,400 exhibitors
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Sanlorenzo confirms previously issued preliminary results for FY2025
Dividend of €1.05 per share approved, a YoY increase in line with net income growth
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Sunseeker celebrates first lamination of new 134 Superyacht hull
Hull No 1 will undergo testing in April 2027 before being delivered to her US owner
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Southern Spars installs new 5-axis CNC machining centre
The system enables faster, more precise manufacturing of composite components at its Auckland facility
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ICOMIA, Boats Group partner to advance global leisure marine market intelligence
Collaboration drives sustainable industry growth through reliable, high-quality data
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Yacht Club de Monaco enhances marina with Seadamp technology
The next-gen hydraulic mooring damper enhances safety, comfort, and sustainability within the marina, setting new standards for innovation and efficiency
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New framework promises major boost for Scotland’s marine tourism
The Giant Opportunities strategy will deliver £100m investment over the next five years
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Mercury Marine appoints GM for Australia, NZ and Asia
Enrique Bolanos moves to APAC after four years at Mercury’s Latin America operations
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Leadership changes at Boston Whaler
Brad Zoelle succeeds departing Lenn Scholz as president of Brunswick Corp premium fibreglass boat brand
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YYachts appoints official representative in Spain
Partnership expands German sailing yacht builder’s presence in the Mediterranean
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NX Boats to open first Concept Store in southern Brazil
New Maringá location marks a strategic move to expand beyond coastal hubs, strengthening its presence in regional markets
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Middle East Update: Resilience shines through amid regional tensions
The marine industry awaits news on the upcoming Dubai International Boat Show, scheduled for this April
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1st Seaquip exhibition attracts strong crowd
Last week’s event set a solid foundation for future growth and development
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Confindustria Nautica: Boating fuels €13bn and 168,000 jobs in the Italian industry
‘La Nautica in Cifre Monitor – Trend 2025/26’ was presented last week in Milan
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Saudi Red Sea Authority names new CEO
Leadership change supports development of coastal tourism and marine infrastructure
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Ferretti controlling shareholder responds to media commentary
Weichai-backed Ferretti International Holding reiterates support for Ferretti Group’s strategy and governance framework
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De Antonio Yachts opens new Barcelona headquarters
The Spanish builder moves to a 1936 tower house in the upscale Pedralbes district
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Middle East Update - Optimism on the ground despite disruption
As the marine industry maintains an overview of a fast-moving situation
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Myers Q4 revenues flat, profits up
Full year sales down but profits increase for US equipment manufacturer
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Investment firm sets sights on marina sector with two acquisitions
Dallas-based Investment firm buys two US marinas
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Boero Yacht Coatings joins Ferrari Hypersail project
Coatings specialist to develop advanced systems for Giovanni Soldini’s experimental high-performance racing monohull
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YYachts begins construction of first hybrid-powered Y8
New build integrates Yanmar hybrid propulsion system as the German builder advances lower-emission sailing technology
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Finnish solar-powered builder overhauls range, expands in Western Africa
Elvene Boats is implementing a new powertrain solution for its models
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Nice Boating Tomorrow show and Forum latest
With the accent firmly on sustainability and eco power the new boat show and forum in Nice ‘Boating Tomorrow’ will open its doors in two weeks’ time and run from the 19-22 March.
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Lund Boats today announced a new partnership with the Minnesota Vikings
Lund Boats Announces Partnership with the Minnesota Vikings, uniting two iconic brands that have been trusted and celebrated across Minnesota for generations.
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Seldén launches e-commerce platform for dinghy sailors
New online store offers direct access to the company’s dinghy hardware and spars
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Valencia Boat Show reconfigures its space, expands with four large exhibition areas
Event will include new Expo Zone for professionals and public to meet
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Canados names US distributor for Gladiator line
Yachting Experts to display Gladiator 431, 493 at Palm Beach show
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Voyage Yachts eyes private cruising segment with 510 Owners Version
SA builder charts new course as it looks to grow in private as well as charter sector
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Southern Pacific enters electric jet market
New segment entry seen as growth opportunity for Kiwi RIB builder
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Aquila expands global dealer network for new sailing range
Catamaran builder appoints eight new partners across the US, Europe and Asia following launch of the Aquila 50 Sail
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Historic EU Industrial Maritime Strategy backs Europe’s leadership in recreational boating
Strategy focuses on clean technologies, circular economy solutions, and nautical tourism, with EBI committed to driving its implementation
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Suzuki acquires battery business
Acquisition of all-solid-state lithium-ion battery business from Kanadevia Corporation expected to support electric propulsion system development
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Middle East Update - Industry strives to adapt
As day five of the ongoing conflict in the Middle East unravels, IBI’s Middle East correspondent provides an update from two key Industry sources in the United Arab Emirates.
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90-day comment period on Right Whale Vessel Speed Rule opens
Stakeholders have until June 2, 2026, to provide input on the proposal, which seeks to balance conservation with economic and industry concerns
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Twin Vee revenues up but losses continue
Cost reduction initiatives improving the bottom line, but profitability continues to elude US boat builder
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MarineMax shareholders give McGill a vote of confidence
Shareholders of the global marine retailer and service provider, reaffirm their support for CEO William Brett McGill at the company’s Annual Meeting, reelecting him and two directors to three-year terms despite a takeover bid
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Weichai boosts stake in Ferretti Group
Weichai Shandong Heavy Industry Group has raised its stake in Ferretti S.p.A to 39.05% through a share acquisition on the Hong Kong Stock Exchange,
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Cape Town yacht exports soar, but 2025 faces tariff and port challenges
Cape Town’s yacht exports grew 19% annually from 2019 to 2024, but 2025 faces declines due to US tariffs and port constraints
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Hempel achieves record financials, driven by marine segment growth
Paints and coatings specialists delivers strongest financial performance to date with the marine segment leading the way, achieving 9.8% organic growth and €750 million in sales
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IGY Marinas renews management agreement for St. Katharine Docks
US-based IGY Marinas to continue management, marketing of iconic London facility
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Malibu unveils strategic vision behind Saxdor deal
Malibu Boats to expand its market presence, leverage international manufacturing, and fill strategic product gaps
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Preliminary 2025 US sales data down, 2026 starts weak
Preliminary US recreational new boat sales figures for 2025 show across the board declines in units with the exceptions of aluminum fishing boats and PWC, and the January 2026 figures paint a bleak start to the year
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Flux Marine shifts strategy focus to commercial growth
Appointment of former Mercury exec Gary Lancina to advisory board seen as pivotal to achieving revenue growth targets
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GlobeSailor expands Mediterranean charter options with new bases
Yacht charter specialist adds new bases in Albania, Italy, and Malta
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Navigating the future: ICOMIA, EBI and industry leaders discuss market trends, costs, and sustainability in Bosphorus Boat Show panel
During the Bosphorus Boat Show, held in Istanbul between 21-28 February, the panel “Growth in the Yachting Sector and the Effects of Regulatory Frameworks” brought together leading international and Turkish industry representatives to evaluate the sector’s post-pandemic trajectory.
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Mercury cuts ribbon on Florida plant expansion
25,000ft2 expansion to St. Cloud, Florida facility to create 30 new jobs
News
Sunseeker names new CEO
Andrés Rubio takes helm following yesterday’s announcement of new ownership
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